Sheffield, a coffee-mug producer, generally conducts over half of its business in the last month of the calendar year due to holiday sates. By the end of December, its fiscal year-end, Sheffield had accumulated Cost of Goods Sold in the amount of \$252,000, Sheffieid s business model is to maintain minimal WIP Inventory and FG Irventory, so these two accounts had balances of just $17,000 and $22.000, respectively, on December 31 . Sheffield does hold a fair amount of RM Inventory. however, so it will be able to quickly fulfill its orders. As a result, its December 31 RM Inventory (all direct materials) is $87,000. Shelfield utilizes a normal costing system, in its effort to have timely applied MOH information for each custom job, and its budgeted MOH rate is $2.25/ direct labor hour. Budgeted MOH at the beginning of the year was $157,000; actual MOH costs incurred by the end of the year were $161,000. Actual direct labor hours used were 68,000 . (a) Was Shethelds MOH cost for the year under- or overapplied? By how much? Record the journal entry to close out that MOH difference by using the direct write-off method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Record the journal entry to close out the MOH difference by prorating it to the appropriate inventory/cost accounts based on their ending balances. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round proportions to four decimal places, es. 0.5250 and final answers to 2 decimal places, e.8. 5,275.25.)